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The 2:59 PM Trade
It's Friday afternoon, 2:59 pm. Most traders are clocking out. But legendary Millionaire trader Tim Sykes is about to cash in on a strange weekend "loophole."
He's used this exact method to make $8,780... $9,518... and even $16,159 over the weekend. But today, he wants to show YOU how to do it too.
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar sank to its lowest since April 2022 on Thursday, as cooling U.S. inflation bolstered expectations the Federal Reserve would hike interest rates just one more time this year, eroding the greenback’s yield advantage over its peers. Against a basket of six currencies, the dollar index fell…
By David Lawder WASHINGTON (Reuters) -The International Monetary Fund said on Thursday that first quarter global growth slightly outpaced projections in its April forecasts, but data since then has shown a mixed picture, with “pockets of resilience” alongside signs of slowing momentum. The IMF said in a briefing note for a G20 finance leaders meeting…
By Stephanie Kelly NEW YORK (Reuters) – Oil prices rose over 1% on Thursday to their highest in nearly three months after U.S. inflation data suggested interest rates in the world’s biggest economy were close to their peak. Brent crude futures rose $1.25, or 1.6%, to settle at $81.36 per barrel. The session peak was…
By Jane Lanhee Lee and Eduardo Baptista (Reuters) – The sale of struggling Silicon Valley startup zGlue’s patents in 2021 was unremarkable except for one detail: The technology it owned, designed to cut the time and cost for making chips, showed up 13 months later in the patent portfolio of Chipuller, a startup in China’s…
By Jennifer Rigby and Richa Naidu LONDON (Reuters) – (This June 29 story has been corrected to drop the reference to aspartame being removed from PepsiCo products in 2020, in paragraph 25. A PepsiCo spokesperson corrected an earlier statement from an outside company spokesperson) One of the world’s most common artificial sweeteners is set to…
By Steve Holland and Essi Lehto HELSINKI (Reuters) – President Joe Biden on Thursday gave his assurance that the United States would stay committed to NATO despite “extreme elements” of the Republican Party, in remarks during a visit to Finland to welcome it as the alliance’s latest member. “I absolutely guarantee it,” Biden told a…
By Borja Suarez LA PALMA, Spain (Reuters) – Living in rows of look-alike makeshift homes as hardened black lava covers the once-bucolic valleys where they used to dwell, many residents of the Spanish island of La Palma feel resentment and yearn for political change in this month’s general election. The eruption of the Cumbre Vieja…
(Reuters) – Goldman Sachs will report its worst quarterly earnings in years next week, with a return on equity in the low single digits, Semafor reported on Thursday citing people familiar with the matter. Writedowns on Goldman’s GreenSky consumer-lending business and on holdings of commercial real estate, are likely to exceed $2 billion, the report…
MOSCOW (Reuters) – Russian President Vladimir Putin said on Thursday that Western supplies of weapons to Ukraine would change nothing on the battlefield but only further escalate the conflict, adding that foreign-made tanks were a “priority target” for Moscow’s forces. Putin, in comments to state television made after a NATO summit in which Ukraine won…
By Gabriela Baczynska BRUSSELS (Reuters) – The European Union’s lending arm on Thursday unveiled a new fund worth 400 million euros ($447 mln) to spend on rebuilding Ukraine before the bloc’s longer-term reconstruction plan kicks in. Sixteen of the EU’s 27 countries said they would chip in to the European Investment Bank’s (EIB) Ukraine Trust…
